All Forum Posts by: Zach Kracht

Hey Austin,

I went with the single family route it gives you a little more flexibility, more space to rent out additional rooms or add an addition in the future. Either way you go house hacking is a great idea and I plan to continue for another 2-3 years.

Hello BP,

A friend of mine found a commercially zoned lot in Boone, North Carolina in a desirable proximity to town. We are looking to develop the lot for a mixed use building with either self storage or small office space on the ground floor and studio apartments above. Is anyone in the western NC area familiar with this type of project? I am looking for best advice on financing a project like this with a commercial construction loan.

Thanks in advance,

Zach

Investment Info:

Single-family residence other investment in Austin.

Purchase price: $230,000
Cash invested: $23,000

House hack in Austin Texas

What made you interested in investing in this type of deal?

Lowering housing expenses, and holding long term in a competitive market

How did you find this deal and how did you negotiate it?

Through MLS

How did you finance this deal?

10% down FHA loan